Stocks rise less than expected while dollar advances against euro ahead of ECB meeting
Dollar rises against euro on fears that comments from ECB on Thursday could hurt the European currency NEW YORK — Oil prices gained on Wednesday as government data showed US crude stocks rose slightly less than expected last week, while the US dollar advanced against the euro ahead of Thursday’s European Central Bank (ECB) meeting.US stocks edged up in late-morning trade following gains in energy shares and some upbeat earnings reports.Brent crude oil was up 77c at $44.80 a barrel, while US crude was up 67c at $41.75 a barrel. Oil prices had been lower earlier after Kuwaiti workers ended a three-day strike.On Wall Street, investors are focused on the earnings season as they seek catalysts to drive stocks higher. Intuitive Surgical rose 3.9% after stronger-than-expected profit, though Coca-Cola was down 4.5% after reporting a drop in sales."If earnings continue to surprise on the upside, you could see people ... join the rally and that money from the sidelines will move into the mark...
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